Dogecoin (DOGE) Faces Critical Test as Whale Sell-Offs Threaten $0.10 Support
Dogecoin (DOGE) is under significant selling pressure as large holders, or ’whales,’ offload substantial amounts of the meme-inspired cryptocurrency. Over the past 48 hours, whales have sold more than 1.32 billion DOGE, pushing the price perilously close to the critical $0.10 support level. This aggressive sell-off has triggered a shift in market sentiment, with technical indicators suggesting further downside potential. As of April 10, 2025, DOGE’s price has retreated from its recent range of $0.18–$0.20, raising concerns among investors about its near-term trajectory.
Dogecoin Price Prediction: Will 300M Whale Dump Push DOGE Below $0.10?
Dogecoin (DOGE) price faces increasing pressure due to significant whale sell-offs. In the past 48 hours, whales have sold over 1.32 billion DOGE, bringing the price close to critical levels. This sharp sell-off has caused a noticeable shift in market sentiment, often an indicator of further price declines. Charts reveal that as whale holdings dropped, Dogecoin price dropped from the $0.18–$0.20 range.
Dogecoin Under Strong Accumulation: Will DOGE Price Bounce Back Quickly?
Amid the broader crypto market crash led by the escalating Trump trade war, Dogecoin (DOGE) has come under severe selling pressure over the past week, tanking 15%, and dropping under $0.15 levels. However, on-chain data shows that the world’s largest meme coin has recently seen strong accumulation. Prominent crypto analyst Trader Tardigrade has observed a potential Wyckoff Accumulation pattern forming in Dogecoin (DOGE), signaling a possible market reversal. Although the current Dogecoin price action deviates slightly from the textbook Wyckoff model, it still exhibits most of the characteristics.
1.3B DOGE Moved: Are Dogecoin Whales Signaling a Bigger Crash Ahead?
Dogecoin whales sold approximately 1.32 billion Doge on April 7 and 8, causing a major shift in market sentiment. This large-scale dump coincided with a sharp 22 percent price drop from $0.168 to $0.131. On-chain analyst Ali Martinez confirmed that each selling wallet held at least one billion DOGE before the selloff.
